Ørsted Divests Stake in U.S. Renewable Projects to Support Growth

October 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Ørsted A/S (Fredericia, Denmark) announced Friday it has sold a 50% stake in an 862-megawatt (MW) renewable energy portfolio consisting of three onshore windfarms and one solar plant in the U.S. for $410 million, injecting capital into the company as it continues to develop renewable energy projects.

Industrial Info is tracking $6.2 billion worth of renewable energy projects from Ørsted and its subsidiaries in the U.S. that have a high or medium (70-99%) probability of moving forward as planned, including six onshore solar and wind projects worth $1.85 billion.